Over the same period, personal spending bumped up $34.5 billion (0.3%). Once again, analyst predictions proved spot on for expenditures .

In a potential sign of longer-term economic optimism, durable goods spending doubled up on its 0.4% July increase, jumping 0.8% in August . The latest new orders report also suggests some growth for August .

Looking back over the last 12 months, personal income has risen 3.7%, while personal spending is up a more conservative 3.2%.

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